What companies can raise capital through truCrowd Florida?

Last Updated: Jan 04, 2016 05:19PM CST
Any startup that has filed a certificate of formation with the Office of Financial Regulation and is authorized to do business in Florida  are welcome to use truCrowd Florida, and (a) The issuer is a for-profit business entity formed under the laws of the state of Florida and registered with the Secretary of State; (b) The issuer maintains its principal place of business in Florida and its revenues primarily come from its activities in Florida; (c) The issuer is not a blank check company (i.e., it does not lack a defined business operation, business plan, or stated investment goal for the raise, or it has plans to engage in a merger or acquisition with an unspecified business); (d) The issuer, directors, offers and 20% shareholders must not be subject to a “bad actor” disqualification as set out in new Florida Statute section 517.1611 or Rule 506(d) of the Securities Act of 1933, as amended (“Securities Act”).

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